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installment plan

a system for paying for an item in fixed amounts at specified intervals.
Origin of installment plan
First recorded in 1875-80 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Examples from the Web for installment plan
Historical Examples
  • He—he bought a diamond from me this morning—on the installment plan!

    The Cross-Cut

    Courtney Ryley Cooper
  • Most beaver dams are built on the installment plan,—are the result of growth.

    The Spell of the Rockies Enos A. Mills
  • They bought them on the installment plan, and I suppose they do yet.

    The Autobiography of a Thief Hutchins Hapgood
  • We might be able to borrow someor buy them on the installment plan.

    Girl Scouts at Dandelion Camp Lillian Elizabeth Roy
  • I said, "Now, you just trust your aunt Nancy, we will buy it on the installment plan."

    Living Up to Billy Elizabeth Cooper
  • And Pap's got asthma so bad that it's all he can do to draw his breath on the installment plan.

    Green Valley

    Katharine Reynolds
  • Our pickerel was digesting his food Indian fashion, or, so to speak, on the installment plan.

    Fish Stories Henry Abbott
  • "On the installment plan," suggested Hawkins, gravely, and proud of being able to help.

    The American Claimant Mark Twain (Samuel Clemens)
  • After that he painted a picture which he sold on the installment plan--being paid by the purchaser so much a month.

  • Very few letters will sell articles costing as much as fifty dollars unless perhaps the payments are on the installment plan.

British Dictionary definitions for installment plan

installment plan

(US & Canadian) a system for purchasing merchandise, such as cars or furniture, in which the buyer takes possession of the merchandise on payment of a deposit and completes the purchase by paying a series of regular instalments while the seller retains ownership until the final instalment is paid Also called (in Britain and certain other countries) hire-purchase
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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